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company with extraordinarily small economy. the fact it would precipitate a run with the greek banks or italian banks and bring down the entire system in europe, fumbling along, kicking the can down the road is really pretty fried and we know from experience these events, whether in the balkins with the shooting of an arch duke or whether in cyprus with the shooting of a banking system can lead to fairly significant consequences for the entire european continent and us. >> so far, the worst-case scenario hasn't happened yet. so far. that's good. let me ask you, steve forbes. do you believe that the united states can make itself immune? are we strong enough economically, and financially, to withstand the kind of worst-case scenario that senator gregg discussed? >> the answer is no. we should have learned that from 2008 when these dominos start to topple. it hits everybody. and this is what is so inexplicable. why did the germans draw the line on this, for sheer domestic political reasons. they don't want to be bailing out russian oil gargs. they have an election this year. they have k
this economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all of that is waiting for congress to get its act together, to get this sequestration out of the way
on the economy, the market, and the fed next. ♪ ♪ lou: ben bernanke's federal reserve keeping money cheap, plentiful. chief economist for ubs will tell us whether this is sufficient magic for the market through the remainder of the year. let's take a look at what happened on wall street. today's talks are moving higher. investors expecting just the news that they received, the fed's standing fast, holding steady, helping -- keeping 85 billion a month into the markets in perpetuity. the dow up 56 points, but within 20 points of its all-time high setting a new intra-day record. the s&p up ten points coming within seven of its record high, the nasdaq up 25 them. the nasdaq still some 1800 points away from its all-time high close. over 3 billion shares traded on the big board. gold down $3.80 today, we'll update, interest rates moving slightly higher on the bond market's the treasury ten year holding up till 194. fed chairman ben bernanke warning monetary policy, as he put it, cannot offset fiscal restraint resulting from the fiscal cliff and sequestered. my next guest says economic damage fr
, think of the deficit as a stimulus to the economy. neil: a stimulus to the economy. he has always been that way. it pays to focus on what bill gates and doing now, he is on a spending mission, he leaves little doubt about what he thinks of republican mission and their drive to cool it on the spending without thinking about results, his biggest fear, congress cutting foreign aid. the man said that foreign raid does a lot of good for the planet. to gauge the more good than bad without a doubt, that is why the guy, he was in washington today pushing hard. urging freshmen lawmakers not to give up the fight or spending on those 2 need the help -- who need the help the most, tonight. decide whether a man can or should stop congress from closing some spending doors, perhaps of all of the interviews i've done with bill gates over the years from earliest days at microsoft or before he became the power house to keeping his juggernaut going once it was a power house to going full time in charity business, this day is for me the most meaningful and consequential, not because of anything i asked of
reduction is very important, but creating the millions of jobs that our economy desperately needs is even more important. i would go further than that. everybody -- i could tell you in the state of vermont and i suspect in the other 49 states, we have a serious problem with roads and bridges and water systems and schools, broadband. we need to invest in our infrastructure to make this country more productive. when you do that you create jobs. so i am a big fan of investing in the infrastructure and strongly supportive of that proposal. i would have gone higher. host: you can see here in wall street "washington journal," republican plan and blue plan in -- for the democrats. you can see that there. guest: that's the real issue. do you really think that the only way we can move to deficit reduction is cut, cut, cut? when revenue at 18.2%, the lowest in 60 years, i think there needs to be a balanced approach and we need to close outrageous loopholes that corporations enjoy. host: talking to bernie sanders, independent in vermont. folks are eager to talk to you. let's go to edward in grand pr
revenues. it would cut waste, add jobs and spur economic growth of the economy. it would reduce the deficit by an additional $1.8 trillion without jeopardizing the recovery or harming the middle class. it includes $1.2 trillion in new revenue obtained not by tax increases but by closing loopholes and eliminating wasteful spending that benefits the wealthiest americans and the largest corporations. it eliminates $4 billion in annual tax breaks to the oil and gas industry, an industry that is making profits. they don't need a tax break. in fact, they're making enormous profits. so, why does the ryan budget give them a government subsidy? the democratic plan invests in infrastructure, education, job training and innovation. it is designed first and foremost to help create jobs and strengthen the economy. the house democratic budget also makes critical investments in our future. $200 billion is invested in infrastructure, education, job training and innovation. helping to create jobs and strengthen the economy. these investments include $80 billion for an education jobs initiative, $50 billion
it raises cannot continue. it is a threat to this country. it is a threat to our economy. common sense confirms it. any belief in science tells me to believe that there is no bigger problem. [bell] >> let me quote the cheney who said ronald reagan taught us deficits do not matter. dick cheney was wrong. he is wrong then and he is wrong now. deficits matter. anyone who supported the bush has no business talking about debt. [booing] i helped bill clinton balanced the budget and built a surplus because we had good economic times. good economic times should pay down the deficit as clinton did but to reagan and bush did not. in bad times you have to stimulate and the airtime as president obama is doing. it is like listening to lectures on hygiene from type 40 -- typhoid mary. is more important to america's pursuit of happiness? which is more dangerous to america's pursuit of happiness? eight 350 format before a 44 ounce big gulf. if you come to my house, you would find guns but no cans of soda. i have the right wing position on the giant drink soda thing. i do not like the idea. idea of the
and champion growth. our economy is stagnant and a lot of people are hurting. and that's where my focus remains, every day. >> shannon: you mentioned that republicans and democrats, you question whether or not they have read the constitution recently and if they adhere to it and if they are really familiar with what it is at its core. how do you reconfigure? how does either party get back to that? >> i think we are seeing a rejuvenation in the republican party. visaid for a while. i think -- i have said for a while, i think the best thing that happened to republicans was to get our teeth kicked in by 2008. by 2006, 2008, i think that republicans had stopped standing for principle. we saw a new generation of leaders step forward in 2010 and more continue in 2012, who are really focused on getting back to our core principles, getting back to the constitution and getting back to free market principles. i think far too many republicans had gone along to get along. had agreed with democrats and exploding the size of government -- i mean, that's how we have gotten a $16.5 trillion debt. i think the p
of law. they have tremendous workloads, but they keep this economy going. and if you slow that down, if you slow down civil dispositions where contracts are waiting to be enforced with the plant is quick to be built or so forth, whether the damages are going to be paid through someone who was the victim of the breach of conduct. if you're going to cause dismissal of the suits because of criminal suits, criminal prosecutions because of the light, then you're threatening the efficiency of the legal structure. thank you very much. to have one of the comments i want to share with you, this month you will hear cases that are of the utmost importance to many american families. that is with the gay americans have the right to marry straight couples and whether the congress can deprive legally married gay couples of the federal recognition and benefits. i mention this not because i expect either of you to speak on this issue. in fact i know you will not. president bill clinton who resigned doma enchilada and now requests its demise recently wrote the question of the cases rests on, quote, w
a gloomy new report on the state of retirement savings. >> the recent headlines about the economy as we've talked about have been pretty good but the lingering effect of the great recession is that a lot of americans have had to dip into their savings to get by. and of course that could be a problem in the years to come for many americans. they're supposed to be the golden years. but a new report says retirement like this is way out of reach for most americans who just aren't socking away enough. even with markets near record highs, the confidence workers have in their retirement is low. the employee benefit research institute found that 49% of americans aren't sure they'll be able to retire comfortably and they're not doing much about it. >> it's one of the scariest things is that it is not just that people don't have a lot of retirement savings. it's they don't know what they need. they don't know what they don't have. so, you know, what you would like to see is more people really sitting down with an adviser doing some hard math. instead, people seem to be crossing their fingers and
of the economy is about 18 billion euros, so the banking industry is four times the size of the economy. if you allow the banks to fail, much like letting citibank or jpmorgan here in the united states, that would have significant repercussion the in the economy. connell: where do you stand on the idea of the con cement spreading? could it happen in other countries was the question asked, it seemed like, in the markets this morning if it goes through on cypress, on to the next guy and next who have problems? >> that's a legitimate concern that the architect or one of the principle architects here, the imf, the ecb, and the european union and germany with a strong hand there. if they force this upon one country, who is to say they couldn't force it upon a larger, more important country? if europe were able to execute a plan like that, who is to say that the united states wouldn't look and say, well, they did it in europe, why couldn't we look here? connell: rule of law question; right? >> exactly. dagen: what's the solution? somewhere between forcing the haircut and letting banks fail? where is
and what we really need to do is to focus on growing the economy. the deficit is there. we can deal with it. but growing the economy is the first priority. >> yeah. >> congressman ryan, president obama campaigned on protecting the middle class. so why all of a sudden is chained cpi up there for grabs. even nancy pelosi is starting to embrace it here. are we seeing the democrats shift towards the republican position on protecting the big three? >> well, i'm not sure nancy pelosi is there just yet. i thought she was very careful on what she said, protecting the poor, protecting those seniors. so everything's fungible. and i'll go over battles for the poorest of the poor, our children and senior citizens with nancy pelosi any day of the week. and i'm confident in the house with the leadership of people like keith and john that we will be able to hold a line on some of this from the democratic side. but it does get worrisome every now and again when you hear these comments. i know you've got to be conciliatory and be ready for a grand bargain, but we're not going to sell our soul in the process
in jobs in the economy, and closes loopholes and preserves the middle class' ability to grow and proceed. so, we now are, you know, in this 30-hour thing. we could actually be debating the budget while those 30 hours tick. we don't have to be sitting here doing nothing. and one of our colleagues said, he'd like to debate the budget two weeks from now. why is he putting things off? well, i guess if i had their budget and looked at it compared to our budget, that's what i'd want to do. but that's not fair and that's not right. so i just came to the floor to join my colleague from washington in pleading with our colleagues, let's have a real debate on the budget. the lines are squarely -- are sharply drawn. our budget and your budget contrast. let the american people hear the debate and decide who they like. we're pretty confident they'd like ours better. you no longer have the talking point, we don't have a budget. so instead you're preventing us from talking about our budget. it is not fair, not right, and doesn't really help the process. so i would hope that i know there are some members
. a market and economy dependent, i guess, but absolutely, they're going to keep printing until they feel they don't have to anymore which is probably a long time away from now. charles: buying the dips, thanks a lot, larry. that's by the way the opening bell, and the markets are ringing, the futures have been up all morning long and let's check the big board. dow up 29 points and ticking away. and the market is up and fedex we talk about that being something of a proxy for the economy. and they reported the numbers this morning and the profits were lower, and maybe people are buying or not shipping as much of the certainly we want to find out what's going on. let's go to nicole petallides on the floor the of the new york stock exchange. >> we're seeing fedex to the down side and the transportation index is higher and the dow is up 51 points. fedex comes out here with the numbers and they talk about weakness that hit their profits and they're actually trying to cut costs, but in cutting costs they actually incur cost toss cut costs so they're noting that as well. and year to date, fedex i
when it comes to the economy. listen to this. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue. martha: stuart varney, host of "varney & company" on the fox business network. what do you think about that statement? he says you shouldn't just chase a balanced budget just for the sake of being able to say it is balanced? >> i think the president was spelling out his priority and his priority is not balancing the budget for the sake of balancing the budget. his priority is growth by spending more government money. that i think is his priority. and as you said, martha, that is in sharp contrast to paul ryan who is deliberately going after deficits and the debt and wants to balance in ten years. so you've got two very clear sides here. the president says, spending and debt probably sustainable. paul ryan said, no, it is definitely not. martha: is that debt sustainable, stuart? it's growing like wildfire. >> take a look at right now. a
out it was preplanned, prior to sequestration. anything that goes wrong in the economy, accident, tragic accident like this, paint it like sequestration. for some reason, it's the republicans' fault, somehow, trying to make the link. look to the usda, e-mails or the national park, this is cheap political props. on the back of marines pretty ticked off. >> dana: i was going to ask a media angle of this. harry reid says stuff in the past. when you say this on the floor, the media ignores it and brushes it off. whereas if it's a republican it would be -- >> greg: the definition of insanity is expecting sanity from harry reid. it's your own fault. to expect anything commonsensical from him. can we talk about how he sounds? he has the voice of horse lubery can't. can't -- lubricant. >> dana: how do you know? >> greg: it's metaphor. it spent time on the farm. doesn't he realize, he is insane. that he realizes that he is shooting in his own tent. obama owns the sequestion ration. he has become the attack dog so rabid his handlers aren't safe. we give you the job of defending harry reid.
, in science and research, in education. things that are important to power the economy. our focus has been on jobs first. let's get the economy in full gear. not put the brakes on it. which is what the republicans do. they've gotten austerity budget that according to the nonpartisan congressional budget office, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipar
back their money only to see the economy falling apart. you're not winning on those issues, oath either, john. >> joan, you're so right. you are better on this than i am normally. equal pay for equal women. your party has been slow on that. >> i agree. i'm following our party. those are the changes that we should be making. here's what the real difference between the two parties in my opinion are. >> okay. >> the republican party has always said we're going to make sure you have opportunity that leads to unlimited success but not guaranteed success. that was the american dream. we've given that up because people say it's not attainable anymore and the democrats are selling we will give you guaranteed success but it's going to be very limited. >> who says that? >> no one guarantees success. >> find -- >> it's the governmental -- >> john, i don't know any democrat who talks like that. >> there's no no one who wants to guarantee success. >> i've never heard that anywhere. >> no, it's all about equal opportunity. we are about guaranteeing equal opportunity. we are about leveling the playing
politics a long time and the kind of performance in the recent years with the economy. everybody is frustrated. that is the good news scenario. the bad news scenario we literally fix it and we relive 2008. >> can i ask a question as conservatives especially focus on the issue of deficit and what we are going to do about it and it becomes a rallying cry. where was that rhetoric when we were involved in two wars and paying for them on a credit card and having two major tax cuts put in place? iraq war is one of the first wars we haven't had a war tax. where was that fiscal responsibility a decade ago? >> missing. and i'm the wrong person to ask this. because i said famously in budget circles. it's a big crowd. in three the party is over, people get it and not spend any more money and ten years later, i was dead wrong. we lost our rudder somewhere. that's something that america actually stuck to and lived by and served america well 200 years. since then we have developed big problems. >> i also illusion the war would pay for itself and be resolved within six months and up and running
and the economy first and managing our debt wisely and responsibly. >>> what will you say in response to the rep criticism and clearly paul ryan's manifesto, when his budget shows the contrast, what do you say to their criticism that you don't resolve the spending cuts, that you don't deal with the debt adequately, just to play devil's advocate for a moment? >> sure. firstly, we do cut spending in our budget, but if you look at the ryan republican budget, it calls itself balanced, but it does it? just a horrendous ways to families across our country, who have been watching their kids go to school and struggle because of the cutbacks there, people who can't get a job today, people who want to have a strong country in the future, know that the investments we make in education and the infrastructure are devastated in the ryan budget, and he makes false promising that could be kept about reducing the tax rates. the only people that are protected in the ryan budget are the wealthiest and the largest corporations. they tell the rest of america, you are responsible for managing this debt that we have g
to the economy. manufacture something picking up. the housing market is picking up. now, it's a deliberate wedged repeal that. >> 750,000 families without a paycheck. they are not spending money, creating any demand, putting money into the economy. >> it will actually reduce growth about six %. >> the which you choose on twitter, the hash tag is youchoose. >> that's right. >> or go to your website schakowsky.house.gov. >> all right. we will roll them out over time should we have 2100 fewer food inspections or give. they can't get their arms around because of grover norquist. >> on the gun issue, talking about mental health services 373,000 seriously ill, mentally ill children and adults will lose treatment. should we do that or give special tax breaks to hedge fund managers? i mean these are the kinds of choices that we are literally making right now in this country. >> one of the tax breaks is owners of corporate jets. i don't know how much money that is >> absolutely. jets and luxury products and yachts and that kind of thing. really? really? should we gi
tonight's. jon: getting a read on the true u.s. economy. the dow jones has been surging. a 57 points in the mid-14,000. the national debt keeps soaring as well. washington seems unable to find a solution. the unemployment rate stubbornly high. chief correspondent jim angle takes a look. >> enormous amounts of money into the economy, they will be gasping for air. listen to this. >> it was crucial in the crisis and the fed is very powerful at stopping the fall. but it's not good at pushing one investors who don't really want employers who don't want to hire. it has been pretty unsuccessful. >> some know that some small signs of recovery in the housing market have occurred. even with the creation of 236,000 jobs in february, job growth has lagged and is still dismal. >> is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven't even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took
. >> these cuts are not smart, they are not fair, they will hurt our economy and add hundreds of americans to the unemployment roles. >> let's start out with the charm offensive taking with them over lunch. >> who are the middle class americans, some are families with children with autism and down syndrome, these are americans we'd be telling to fend for themselves. >> the president reaching out and having phone conversations and encounters with lawmakers of both parts. >> congress allows this meat cleaver approach to take place. the federal prosecutors will have to close cases and let criminals go. >> you know, the president, the big talk around washington is this so-called charm offensive, he has dinner with these republican legislators. >> you don't want to have to choose let's see do i close funding for the disabled kid or the poor kid? >> all right. so much for so-called bipartisanship. joining me now live with his reaction, he's in his bunker, mark levin. we have a nobel prize winning president, the anointed one i call him. were you surprised that barack obama the first was not elect
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life. but great institutions like the family. about a growing economy.about ai strong national defense. we care of about these things so much because fundamentally, we are the people who truly care about people. we love people. in this country. we want everyone to succeed in this country! am. >> i want to talk a little bit about what is logical and what is common sense. today. because we don't hear a lot of that. and i don't think that common sense should be something that is just for conservatives. liberals and everybody else should understand and enjoy common sense also. for some strange reason, sometimes they don't. >> you see, as conservatives, we shouldn't take a back seat to anybody. we have a moral cause. it is not just about balancing budgets. it is not just getting the economy going. what we stand for is not taking thing away from people. that's the other side. p this president measures success by how many people are dependent on the government. we measure success in government by just the opposite, by how many people are no longer dependent on the government. not because we h
in our economy. a lot of people like me. look, i'm not going to do it anymore. you are going to come in for half or whatever, it's not worth my time. >> how is that good for our economy. >> bill: it's not. it's horrible for our country. >> i don't get how the liberal intelligence i can't isn't jumping off this guy's bandwagon they hang on like 14-year-olds with justin bieber. it's over. time to get off. >> bill: they're not going to do that it's just like ideology, you said it at the beginning of this interview. you are not coming at it from an ideological point of view. it's common sense. they don't want common sense. >> i feel like i'm being cat fished. i feel like obama's man tie at mid-atlantic at-man tie at a owe's new girlfriend. looks like something they smuggle drugs out of costa rica. the only reason is he there because is he has bigger boobs than putin does. sending him there and rodman to north korea. make honey boo boo the ambassador to tehran and complete. fitness. this guy is coming over to fitness. he has been in a moo moo for 15 years. why don't you have him over ther
jobs balancing the budget and trying to get our economy moving again. >> stephanie: why won't the president help us kill more poor people? >> we have a mulch shortage in this company. >> stephanie: why won't the president compromise on that. >> make sure there is more money for bronzer. >> the republicans want to balance the budget, the president doesn't. the republicans want to solve our long-term debt problem, the president doesn't. we want to unlock our energy resources to put america back to work. the president doesn't. but i hope these kinds of discussions can continue -- >> stephanie: that made no sense at all. >> we need more oil spills and more dead poor people. but it was a good start. >> stephanie: how it is a good start. the boner one more time. >> i thought we had a very candid and frank exchange of ideas, and frankly i think it was productive. >> frankly. productive. as long as we get rid of more tax cuts for orange rich people. >> stephanie: margaret in texas. hello margaret? okay. scott in massachusetts. she was enjoying the show at least. hel
money and keeping the economy moving and worry about the deficit later. >> that's a fair point, isn't it? they're not pretending. i'm outraged because it seems like an offense against math and science even. >> the first camp the krugman folks, the ones that think it's okay to let the debt and deficit go up. okay, then let's try to slow it down a little bit, but it's okay to have some. that would be obama, actually that's what he said this week, president obama did on the george stephanopoulos interview he did this week with abc. the other group like simpson bowls, fix the debt ceo's and house republicans say no, the debt and deficit are a problem for us, and holding back growth where jeff sessions is. is it possible the two camps, three camps can come together and have a grand bargain like the media likes to talk about. i think it's hard to imagine that will be the case. one of the reaps we had tsons w that, the first time in years, the president didn't go first. we don't have it yet and we won't for a couple of weeks. and the white house is taking a close look at the criticism of patty
that it will stay the course, staying the course, of course, means pumping money into the american economy especially concerns about a possible bailout in cyprus flare up. summer won't come soon enough for twinkie lovers. you know who you are. a bankruptcy judge approving hostess' sale to two investment firms and bringing twinkies, ho-hoes and ding dongs back from the dead. the deal said to be worth $410 million. the new owners hope to have twinkies and its snack cake brethren back on your store shelves by summer so you can stop with the locked door in your office and your stash. you'll be able to replenish it soon. and think you can trust labels at the shopping mall? think again. some clothing labeled as being made with fake fur was actually made with real fur. neiman marcus resolve clothing and dr. j.'s dotcom are settling false marketing charges with the federal trade commission. the retailers will not pay any fines but do promise to label all their products correctly going forward or face penalties. imagine if you were going to buy a pair of flats for example, this was a brand-name sli
would most certainly collapse. that could potentially threaten other national economies. these things are often domino effects as you know. greg palkot is live in london. what is the latest on this deal, greg. >> reporter: you're right, martha. people are scrambling blink to prevent another way for cyprus to go bankrupt and dragging rest of europe down with it. in the cypriot parliament, not a single member of parliament voted in favor of that plan. this plan could see as much as 10% taken out of private bank accounts to help bankroll that bailout. the vote was seen as a victory for the little guy but yes, now they have to find another way of getting the money. one way of getting the money may be go to moscow with hat in hand. cypriot officials were there today. rich russians taking advantage of lax banking regulations on the sigh land of cyprus invest a lot there. maybe as much as half of the deposits and investments are coming from russia. they're looking now for more loans from russia and maybe there are reports of selling off some things there. a bank. a maybe some energy rights.
americans organize to make their voices heard on gun control, the economy and rising income to demand change on these urgent issues? take up the gun control thing. what can the american public, the majority of whom want an assault weapons ban, a universal background check, et cetera. what can they do if their politicians are simply too cowardly to act on their behalf because of the power of the nra? >> people are going to have to let politicians know they are going to be voted out in the next term. if they are not afraid of the electorate they will never do the things they need to do. we have lots of examples of when people do rise up. when people's voices are heard loudly. these politicians are just as frightened and back off. the politicians need to be reminded there are 5 million members of the nra and 303 million americans who are not members of the nra. wayne says there are 100 million americans who own a gun. 200 million don't. we are the majority. >> the majority though is being outgunned, you might say, quite literally by the nra. the minority have the biggest voice in the debate. th
of cuts early, we're going to potentially wreck this economy. that's number one. number two, if you look at paul ryan's budget, there are incredible cuts in there to the poorest people in the country. and also to people in the middle class. the center on budget and policy pray others estimates that it would knock 40 million to 50 million people out of health coverage. the president cannot support that. and i think it's a real challenge for people who are moderates. are they going to acknowledge how radical paul ryan's budget is? so it's not surprising that the meeting was testy. there's just such a huge gulf right now between the president and house republicans. >> well, huge gulf. let me show you what the gop leaders said and how they stressed how far apart they were after the meeting, how far apart they were from the president on key issues. let me show you. >> republicans want to solve our long-term debt problem. the president doesn't. we want to unlock our energy resources to put more americans back to work. the president doesn't. but having said that, today was a good start. >> agai
economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and the floods come, our doctors and rescuers reach out to help. when people are suffering from africa to asia, we partner to fight disease and overcome hunger. we stand together because peace must come to the holy land, for even as we are clear-eyed about the difficulties, we will never lose sight of the vision of an israel at peace with its neighbors. so as i begin this visit, let me say as clearly as i can, the united states of america stands with the state of israel because it is in our fundamental national security interest to stand with israel. it makes us both stronger. it makes us both more prosperous, and it makes the world a better place. that's why -- [ applause ] that's why the united states was the very first nation to recognize the state of israel 65 years ago. that's why the star of david and the star and stripes fly together today. that is why i'm confident in declaring that our alliance is eternal, forever. thank you very much. [ appla
on the math. we're not losing the issues on spending and debt and jobs and the economy. those are total winners for us. what we found in the election is while we're winning the arguments on spending and math, we're losing sort of this emotional cultural vote out there in presidential elections. and it didn't just happen overnight, luke. i mean the fact is our parties have a tough time over the last 24 years winning decisive presidential elections. and it's our job as a party to get to the bottom of why that is. and that's what we're trying to do. so, you know -- >> okay. let's talk about that emotional cultural vote. your predecessor said this this morning on "morning joe" about the issues you have in minority community. >> how does he reconcile his agreement with voter registration policies that many in the black community view as anti-black, racist? you can show up any time. it's what you say and what do you when you get there that matters most to people. >> so the former chairman steel is attacking you right there saying that you're not doing enough in terms of minority outreach, tha
aside from paul ryan's budget plans is the economy. that is so crucial, because i actually believe that that lack of a coherent economic policy is one of the key reason s fs for republican defeat in the presidential elections, and you hear a lot about how they didn't follow the demographic shifts in america, and i believe it is more fundamental to not trickle down the supply-side theories which are clearly broken and not providing answers to the stru structural shifts that are happening and everything else will flow from that, because you can't talk about foreign policy, about how rich is america is going to be and how involved can we be? i hope we hear more about this. >> and we are certainly hearing that out of washington, d.c., right? >> yes, certainly. >> and that is the arc of the moment. when we talk about, this david, the struggle of the old guard and the old message and the new guard and the new message in the republican party, and this is what has been said so far. take a listen. >> the gop of old has grown stale and moss-covered. now i don't think that we need to name any
and now cyprus? >> it's a little tiny island economy that it really, i mean the dow was whipsawed yesterday in this country because we're watching what happens there. all of these cracks in europe very important to the u.s. stock futures right now are up. dow futures are up 30 points. this tiny country bears watching this morning. the problem is going to sound familiar to you. if cyprus doesn't get a bailout, it could go bankrupt, exit the euro-zone and lead to financial instability at exactly the wrong time for the world economy. the plan to fix the problems there include slapping a fee on bank deposits in the country. we complain about bank fees here. this is one major bank fee. they voted this bank fee down and now a bailout of the country is in jeopardy. here's what they were thinking of. if you get a bank account with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the r
questions on the economy but what investors really want to know if he's going to continue with economic stimulus. natalie? >> jackie deangelis at the new york stock exchange, thank you. >>> a routine stop gave police officers the fright of their lives. officers approached a man sitting in his parked car, said accidentally hit and killed a deer, stowing it in his trunk. the officers asked to see it, and as you saw, when they opened the trunk the young deer jumped out alive, he made a break for it, darted off to freedom in a nearby forest. surprise. still alive. go, little deer, go, go. >> oh my gosh. >> be free. a nightmare about that last night. >> meanwhile we have missed a huge story. >> it's breaking. did you know about this one? >> spring has sprung. >> look at us. >> we look like a bouquet here. >> color of easter eggs. >> a reality check. that's us right there in full color. >> that's our plaza. spring may not be in the air but it is on the plaza. we'll get outside and enjoy some of the flowers later on. >> there's still snow on the ground. i can't even believe it's spring. >> we'
interest rates, these retirement funds are predicated on assumptions of healthy growth in the economy and interest rates which accrue money in a safe way into these accounts. and when you do away with the interest income and you do away with the economic growth, you see a deflation of these retirement funds and they're not worth what you projected they would be worth so you run out of money ten years more quickly than you'd thought you were going to. >> megyn: and you're living 20 years longer than you thought you were. they talked to the actuaries, a man who reaches age 65 this year is now expected to live additional 20.5 years and women who turned 65 this year are now expected to live additional 22.7 years, so, you know, pretty good numbers in terms of your life span, leslie, but they weren't really planning on living that long and nor were the employers and more has the government been planning on seeing people live this long. >> no, that's true. by the way, when i did some research on this, the longer we go into the future, the longer people are going to live and that's what the s
at community colleges spiked during the recession, now it's beginning to fall as the economy improves, but tuition at four-year colleges is rising. the job market is still struggling and student loan debt is skyrocketing. >> and attending a community college and getting an associate's degree is a more practical decision. >> reporter: start at a community college if you're trying to trim costs. >> where you went to school matters less and less. what matters more and more is what you take. >> reporter: second, learn a practical indemand skill like computer science. and finally, see if your employer will chip in. >> that was essential to help me finishing my bachelors. >> so is america on the verge of an economic renaissance? catch ali velshi and me right back here at 1:00 p.m. eastern on "your money," "cnn saturday morning" continues right now. >>> good saturday morning to you, great to see you, i'm susan hendricks in today for randi kaye. 10:00 on the east coast. >>> we begin right outside washington this morning where conservatives are gathered to set their course for the future. it i
, defending being a rich person, which is a shame in a free- market economy. i am a miami dolphins and. -- i am a miami dolphins fan. they are great at playing until they lose the game. after had the lead until the first debate. you cannot fight by the market of queens very rules in a street fight. lesmarquess of queensberry ru in a street fight. only 51% of one-third of the eligible electorate, that is not much of a mandate. we elected the same republican majority in the house with the same speaker of the house, and through the incompetence of some senatorial campaigns, which elected the same majority leader in harry reid. three things. e need to retake education, where they transform education into social engineering and revisit history and revise it. popular culture. they have to demand immediate reform. bold.vatives need to be they have a better argument and a powerful ally, the truth. and subscribeth to "investors business daily." business daily." >> awesome. overve some time to mull what conservatives should do next, and i was struck in your comments about the romney campaign. i rememb
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